Civic Intelligence

Virginia'S New River Valley

EIN 54-1545804 • 501(c)6 • Blacksburg, VA

Profile

To attract and retain world-class jobs, investment and talent in the new river valley by marketing the region as a premier destination to live, work and do business and by building collaborative partnerships that promote economic vitality in the region.

2020 Kraft Drive Suite 2000Blacksburg, VA 24060

www.onwardnrv.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

31st percentile

0.00x

Higher debt load relative to assets than 31% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Source year 2025

Liabilities / Revenue

30th percentile

0.00x

Higher debt load relative to revenue than 30% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Source year 2025

Net Margin

28th percentile

-3.6%

Higher net margin than 28% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Source year 2025

Top Officer Pay

70th percentile

$100,819

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 17.5% of source-year revenue.

501(c)6 • $500k-$1M nonprofits • Source year 2025

Asset Growth

25th percentile

-6.2%

Faster asset growth than 25% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Annualized from 2024 to 2025

Revenue Growth

42nd percentile

1.9%

Faster revenue growth than 42% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets31st percentile

Assets

Down

$406,351

Down $26,919 (-6.2%) from 2024

Liabilities

Down

$1,418

Down $5,084 (-78%) from 2024

Net Assets

Down

$404,933

Down $21,835 (-5.1%) from 2024

Operations
Liabilities / Revenue30th percentileNet Margin28th percentile

Revenue

Up

$575,148

Up $10,950 (+1.9%) from 2024

Expenses

Up

$595,760

Up $35,084 (+6.3%) from 2024

Net Income

Down

-$20,612

Down $24,134 (-685%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth25th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600K$400K$200K$0Assets 2016: $395,780Liabilities 2016: $192Net Assets 2016: $395,5882016Assets 2017: $339,097Liabilities 2017: $264Net Assets 2017: $338,8332017Assets 2018: $207,957Liabilities 2018: $5,077Net Assets 2018: $202,8802018Assets 2019: $332,170Liabilities 2019: $7,083Net Assets 2019: $325,0872019Assets 2020: $365,214Liabilities 2020: $6,865Net Assets 2020: $358,3492020Assets 2021: $438,079Liabilities 2021: $9,073Net Assets 2021: $429,0062021Assets 2022: $544,979Liabilities 2022: $5,474Net Assets 2022: $539,5052022Assets 2023: $442,228Liabilities 2023: $6,730Net Assets 2023: $435,4982023Assets 2024: $433,270Liabilities 2024: $6,502Net Assets 2024: $426,7682024Assets 2025: $406,351Liabilities 2025: $1,418Net Assets 2025: $404,9332025

Highlighted filing

2025

Assets$406,351
Liabilities$1,418
Net Assets$404,933
Open 2025 Filing

Operations Trend

Revenue Growth42nd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$800K$600K$400K$200K$0-$200KRevenue 2016: $344,648Expenses 2016: $310,462Net Income 2016: $34,1862016Revenue 2017: $373,161Expenses 2017: $429,916Net Income 2017: -$56,7552017Revenue 2018: $383,747Expenses 2018: $519,700Net Income 2018: -$135,9532018Revenue 2019: $573,588Expenses 2019: $451,381Net Income 2019: $122,2072019Revenue 2020: $517,466Expenses 2020: $484,204Net Income 2020: $33,2622020Revenue 2021: $509,443Expenses 2021: $438,786Net Income 2021: $70,6572021Revenue 2022: $566,156Expenses 2022: $452,933Net Income 2022: $113,2232022Revenue 2023: $549,735Expenses 2023: $650,615Net Income 2023: -$100,8802023Revenue 2024: $564,198Expenses 2024: $560,676Net Income 2024: $3,5222024Revenue 2025: $575,148Expenses 2025: $595,760Net Income 2025: -$20,6122025

Highlighted filing

2025

Revenue$575,148
Expenses$595,760
Net Income-$20,612
Open 2025 Filing

Filings

Most recent year

2025 • Form 990XML pending. An XML filing is linked for this year, but detailed extraction is still pending.

Open filing
Assets
$406,351
Liabilities
$1,418
Net assets
$404,933
Revenue
$575,148
Expenses
$595,760
Net income
-$20,612
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.06$0.01$4.05$5.75$5.96$0.21
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.33$0.07$4.27$5.64$5.61$0.04
2023Detailed filing. Detailed filing data is available for this year.$4.42$0.07$4.35$5.50$6.51$1.01
2022Detailed filing. Detailed filing data is available for this year.$5.45$0.05$5.40$5.66$4.53$1.13
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.38$0.09$4.29$5.09$4.39$0.71
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.65$0.07$3.58$5.17$4.84$0.33
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.32$0.07$3.25$5.74$4.51$1.22
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.08$0.05$2.03$3.84$5.20$1.36
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.39$0.00$3.39$3.73$4.30$0.57
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.96$0.00$3.96$3.45$3.10$0.34
Latest Detailed Filing

The latest 2025 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2023 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Nov 13, 2023
Return Version
2022v5.0
Gross Receipts
$549,735
Mission and Program Overview

Mission

The mission of the new river valley economic development alliance is to market the new river valley, to foster job creation, to facilitate new inveestment, and to nurture and improve quality of life in the valley.

The organization's mission is to attract and retain world class jobs, investment and talent in virginias new river valley.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$380,101$280,461▼ $99,640
Savings and Temporary Cash Investments$151,864$151,879▲ $15
Land, Buildings, and Equipment, Net$11,571$8,445▼ $3,126
Prepaid Expenses and Deferred Charges$1,443$1,443→ $0
Total Assets$544,979$442,228▼ $102,751
Liabilities
Accounts Payable and Accrued Expenses$5,474$6,730▲ $1,256
Total Liabilities$5,474$6,730▲ $1,256
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$539,505$435,498▼ $104,007
Total Net Assets Fund Balance$539,505$435,498▼ $104,007
Total Liabilities and Net Assets / Fund Balance$544,979$442,228▼ $102,751

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$8,445$36,761$45,206
Compensation and Service Providers
Top Officer Pay70th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Kathleen BoswellExecutive DiFT$91,200$91,200

Board Members and Trustees

NameTitle
Scott BlankenshipChair
Mark WoolwineVice-chair
Abram WilliamsDirector
Andrew OwensDirector
Brandon QuesenberryDirector
Brian AlexanderDirector
Brian HamiltonDirector
Brian HicksDirector
Christopher LawrenceDirector
Craig ParrentDirector
David BennettDirector
Dr Lee WheelerDirector
Dr Mark RowhDirector
Grayson PattersonDirector
John CoxDirector
John GardnerDirector
John ProvoDirector
Keith BoydDirector
Kim RepassDirector
Laura WaltersDirector
Lauren DudleyDirector
Linda MillsapsDirector
Marty HollidayDirector
Randy WingfieldDirector
Sara Eaton-mcdanielDirector
Scott RossDirector
Trip KellamDirector
Vince HatcherDirector
Wayne WhitlockDirector
Cora GnegySecretary
April DemottsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$510,611
Program Service Revenue
$39,109
Investment Income
$15
Other Revenue
$0
All Other Contributions
$321,419
Change in Net Assets
$-100,880

Audited Revenue Reconciliation

Revenue per Audited Statements
$549,735
Total Revenue per Audited Statements
$549,735
Total Revenue per Form 990
$549,735
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$257,604
Other Expenses$255,547
Total Fundraising Expense$145,921
Professional Fundraising Fees$137,464
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Professional Fundraising--$137,464$137,464
Other Salaries and Wages$92,349$19,876-$112,225
Current Officers, Directors, Trustees, and Key Employees$82,080$9,120-$91,200
Pension Plan Contributions$30,725$5,761$1,920$38,406
Fees for Services Accounting-$34,791-$34,791
Occupancy-$24,229-$24,229
Payroll Taxes$12,618$2,366$789$15,773
Conferences and Meetings$2,328$7,860-$10,188
Office Expenses-$5,856-$5,856
Insurance-$4,818-$4,818
Travel$88$3,212-$3,300
Other Expenses$1,250$865$5,748$2,115
All Other Expenses$61$1,877-$1,938
Total Functional Expenses$347,219$157,475$145,921$650,615

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$653,742
Expenses per Audited Statements$650,615
Total Expenses per Form 990$650,615
Expenses Not Reported on Form 990$3,127
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$137,464
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“The board will review the 990, however they will review the form after the form has already been submitted to the irs.”

Form 990, Page 6, Part VI, Line 15A

“All staff, including executive director, raises must be approved by the board of directors.”

Form 990, Page 6, Part VI, Line 19

“All documents are made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
VIRGINIA'S NEW RIVER VALLEY
EIN
54-1545804
Phone
5402670007
Address
2020 KRAFT DRIVE SUITE 2000, BLACKSBURG, VA 24060
Doing Business As
Onward New River Valley

Signing Officer

Name
Kathleen Boswell
Title
Executive Director
Phone
5402670007
Signed
2023-11-13

Organization Details

Principal Officer
Kathleen Boswell
Formed
1990
Legal Domicile
Va
Voting Board Members
31
Independent Board Members
31
Employees
4
Volunteers
31

Preparer

Firm
Cooke Lavender Massey & Company Pc
Address
2001 S MAIN ST STE 6, BLACKSBURG, VA 24060-6667
Preparer
John Cooke CPA
Phone
5409531152
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“To attract and retain world-class jobs, investment and talent in the new river valley by marketing the region as a premier destination to live, work and do business and by building collaborative partnerships that promote economic vitality in the region.”

Form 990, Part XI, Line 9

“Book / tax depreciation difference -3,127”

Financial Statement Notes

Schedule D, Page 4, Part XII, Line 2D

“Book / tax depreciation difference 3,127”

Raw XML AppendixShowing 400 of 564 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/DisregardedEntityInd0false
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